Chasing after taxes
A Last-Minute month-long extension until end October for the deadline to file this year’s tax returns should hardly be surprising. It followed a repeated delay last year too, with the…
Taxes for growth – II
money and tax evasion has always been a failure in Pakistan. The study, What is hidden, in the hidden economy of Pakistan? size, causes, issues and implications, by Ahmed Gulzar,…
Broad base, low rate taxes
Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are identified as growth-oriented reforms. To the extent that they reduce distortions to economic decisions on work,…
Taxes, debt and apathy – II
Independence of appellate authorities: Appellate authorities, as a matter of law and principle, should be independent in the true sense of the word. At present, the taxpayer, if aggrieved by…
Emerging new directions in the American tax policy
For a tax change, the structure and financing are critical in order to achieve growth. Low tax rates usually encourage individuals to work, save, and invest, but where the tax…
How to transform indirect tax system
One of the biggest impediments towards achieving higher sustainable economic growth in Pakistan is the poor taxation system and abysmally low tax collections. Due to failure of successive governments to…
Of taxes, taxmen, and tax havens
In these columns we foray into various aspects of the Economy. Generally, we find ourselves applauding the way structural reforms elude us, despite the several World Bank loans and IMF…
Finance Bill 2016: More oppressive taxes – I
The Finance Bill 2016, presented on June 3, 2016 along with annual budget, by the Finance Minister, is the worst one can think of in terms of imposing oppressive taxes…
Unjust Taxes And Inequalities
No society can surely be flourishing and happy, of which the far greater part of the numbers are poor and miserable-Adam Smith. Historically, majority of people in the Indian Subcontinent…
What are taxes for?
Why has Pakistan failed to enforce voluntary tax compliance? In democratic countries people can feel and even measure tangible benefits of taxes paid by them. They get facilities of health,…
